I think it's dangerous to make such statements, especially when you're talking to newbies.

I'm sure the course would be rather comprehensive in the real estate matters.You'll need to be able to read and understand financial statements or get someone to detail those aspects for you.

Remember, in Michigan at least, utility bills follow the person not the property so if you buy a property on a QCD you can get gas and electric turned on and not be responsible for any outstanding bills on the property as long as you show them a copy of the deed and a HUD-1 settlement statement.

First off, let me say that I agree with Mike on his statement.

I found this statement pretty shocking: "While the S&P 500 returned an average of 9.5 percent annually for the 50-year period, the comparable figure after all the adjustments was a mere 1.3 percent."

Per your original statement, your title company claims that this property needs to be in a land trust in order for the "C" lender to be able to start underwriting the loan.

By the way, I realize the irony of my statement being put out over the computer, so don't bother mentioning it!

I love comments like Richards because its clearly stated he said half, that leaves the other half that do have some equity :) I'm certainly not saying Richard has anything wrong with his statement or that article and whatever it might say but I can tell you this, or rather ask you this, 'Does a property have to have equity to make it a Sub2 deal or even a decent Sub2 deal'?

I’ll also include the written offer, pictures, the closing statements on the deal, the lease/rent registers, the appraisal, so that your mind figures out what my mind did.

Not sure whether a phone call is enough to trigger that fee or not, but I won't argue with Bill's statement since it's definitely possible.